Ohio Insurance Laws and Regulations Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for your Ohio Insurance Laws and Regulations Exam with comprehensive multiple-choice questions that challenge your knowledge and ensure you understand the rules. Our platform provides explanations and study aids to help you excel.

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does the Ohio Life and Health Insurance Guaranty Association provide?

  1. Loans to insureds

  2. Protection to insureds from financially insolvent insurers

  3. Tax benefits on premiums

  4. Investment advice

The correct answer is: Protection to insureds from financially insolvent insurers

The Ohio Life and Health Insurance Guaranty Association provides protection to insureds from financially insolvent insurers. This means that in the event an insurance company becomes financially insolvent and is unable to fulfill their financial obligations to policyholders, the Guaranty Association will step in to provide coverage and protect the insured individuals. The other options, such as loans to insureds, tax benefits on premiums, and investment advice, are not services that are typically provided by Guaranty Associations.

More Questions Like This